Xerox to split into two companies, Icahn to get board seats on one
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Xerox Corp. (XRX) Ratings Placed on Review for Downgrade by Moody's Amid Separation Plans
January 29, 2016 8:38 AM ESTMoody's Investors Service ("Moody's") has placed the ratings of Xerox Corp. (NYSE: XRX) under review for downgrade following Xerox's announcement of its plan to divide into two separate, publicly traded companies, comprised of its Document Technology ("DT") and Business Process Outsourcing ("BPO") businesses. The ratings placed under review include the Baa2 senior unsecured and P-2 short term ratings.
RATINGS RATIONALE
The rating review reflects Moody's view that... More
